Over 125 countries either require or permit the use of International Financial Reporting Standards (IFRS). Doing business internationally is a standard practice making it all the more important for accountants in business and industry, independent external auditors and other finance professionals to have a solid understanding of this core competency.
The IFRS Certificate Program is a comprehensive program developed to provide a grounding in IFRS and help you to distinguish yourself as a professional who is proficient in such a complex area. The program covers:
- A broad overview of key IFRS definitions and concepts
- The fundamental principles of IFRS across a range of accounting topics
- The accounting impact of the latest standards and amendments issued by the IASB
The IFRS Certificate Program will give you the skills in international financial accounting and reporting that you need to compete effectively in today's global business environment. A grounding in IFRS will distinguish you from other accounting and finance professionals and expand your career opportunities both in the U.S. and globally.
- Accounting and finance professionals that work for private or public multi-national organizations whose parent entity or subsidiaries have adopted IFRS
- Accountants in public practice that provide audit or assurance services to private or public multi-national organizations that have adopted IFRS
Upon completing 25 online course modules, you will earn 28.5 CPE credits and a digital badge to be proudly displayed anywhere on the internet.
You have twelve (12) months from the date of purchase to complete the entire program.
- The certificate course subscription validity period is for 12 Months respectively.
- Students will receive an activation directly from AICPA within 3 working days
All students will get a digital badge upon completion. A digital badge helps you gain recognition for earning your certificate by allowing you to easily display and share your achievement. Prospective clients and employers will be able to quickly verify your competencies and skills. The digital badge also provides greater credibility and visually declares your commitment to quality. According to a recent LinkedIn study, profiles with certifications and badges receive six times the number of profile views.
- Recognize the underlying concepts and principles of IFRS.
- Identify the required format and content of a complete set of financial statements, including required footnote disclosures
- Identify the presentation and disclosure requirements of a statement of cash flows, including the proper classification of operating, financing, and investing activities.
- Indicate and apply the requirements of new standards on revenue recognition (IFRS 15) and leases (IFRS 16).
- Identify the classification, recognition, measurement, and disclosure of common financial statement assets and liabilities.
- Identify and account for an impairment loss with respect to a nonfinancial asset.
- Recall required disclosures for related parties and events after the reporting period.
- Recognize the accounting treatment applied to share-based payments and employee benefits.
- Recall accounting requirements for business combinations, joint arrangements, and investments in associates.
- Identify and calculate tax amounts to be recognized in the financial statements.
- Recall the accounting requirements applicable to entities that transact in or keep accounting records in foreign currency.
- Indicate how to measure fair value when required by IFRS standards.
With our partnership with AICPA, now add an edge to your IFRS skills.
- IFRS: The Conceptual Framework for Financial Reporting and Fair Value Measurement (IFRS 13)
- Presentation of Financial Statements (IAS 1) & Events After the Reporting Period (IAS 10)
- Accounting Policies, Changes in Accounting Estimates and Errors (IAS 8)
- Inventory (IAS 2)
- Property, Plant and Equipment (IAS 16) and Borrowing Costs (IAS 23)
- Investment Property (IAS 40)
- Intangible Assets (IAS 38)
- Impairments (IAS 36)
- Non-Current Assets Held-for-Sale and Discontinued Operations (IFRS 5)
- Government Grants (IAS 20)
- Leases (IFRS 16)
- Financial Instruments (IAS 32, IFRS 9, IFRS 7)
- Provisions, Contingent Liabilities, and Contingent Assets (IAS 37)
- Income Taxes (IAS 12)
- Employee Benefits (IAS 19)
- Share-Based Payment (IFRS 2)
- Revenue from Contracts with Customers (IFRS 15)
- Related Party Disclosures (IAS 24)
- Consolidated Financial Statements (IFRS 10) & Separate Financial Statements (IAS27)
- Business Combinations (IFRS 3)
- Investment in Associates and Joint Ventures (IAS 28) & Joint Arrangements (IFRS 11)
- Foreign Exchange Rates (IAS 21)
- First-Time Adoption of IFRS (IFRS 1)
- Statements of Cash Flows (IAS 7) and Interim Reporting (IAS 34)
- Earnings per Share (IAS 33)
Do i need to be a /CA/ACCA to earn the certificate
No. The modules that comprise the IFRS Certificate program are available for CPAs, CAs, and other accounting professionals who do not have one of these credentials or their equivalent.
What level of knowledge should i possess prior to starting the program
It is not necessary to have a detailed knowledge of the body of IFRS literature upon initiation of the program, but you should possess a familiarity with financial reporting and accounting principles under IFRS.
What is a digital badge and how do i use it
Your certificate will be issued electronically as a digital badge. For information on how digital badges work, please see Digital Badge FAQ page on AICPA site
Once I successfully complete the program and obtain my digital badge, is there a period for which it is active?
Yes. A digital badge is evidence of successful completion of a required curriculum at a specific point in time. Given the regular issuance of new accounting standards by the International Accounting Standards Board (IASB), this badge expires 2 years from the date of issuance. If you complete the AICPA’s IFRS update course before your badge expires, or within 3 months of your badge expiring, your badge will remain active for another 2 years.